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Strategies & Market Trends : General market lab and commentary

SPY 683.31

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Nov 12 4:00 PM EST

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To: Robohogs who wrote (380)	4/30/2016 1:59:31 AM
From: Robohogs	of 668

I had some comments on market dislocations over on momo earlier. One last thought for today though: two traders I follow were loading shorts into the weekend. One was shorting from 1/2% ago (to his bad) as the market rallied into close. Another took SDS off and replaced shorting SPY. He claims there was artificial month end buying into the close. BUT remember, first day of month usually bullish. It is more so apparently if the first trading day is the first - so boo hoo. Additionally, another trader I follow was buying puts in UVXY equating Thur/Fri to an event which is passing. Looking at mkt dislocations, I am not as positive as he is. This little downturn has done some minor damage to the bull case as we are now below some key pivots for last few weeks and ST EMAs are above and downsloping. Bigger picture: I am a bit stunned we are still above 2060 given some of the damage and big moves. NYMO now moving lower but impossible to figure which way it goes next.

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